The HFRI Fund Weighted Composite Index and the HFRI Fund of Funds Composite Index, broad proxies for hedge fund performance, both garnered positive returns in April and May. That performance, however, was offset in June and both indices finished flat for the second quarter.” (Source)

Top University of South Carolina & Foundations Endowment Fund Headlines:

1) USC Foundations are dedicated to helping the University of South Carolina achieve its mission and goals. We are comprised of five entities which are unique in their missions, functions and governing boards, yet share the common goal of making the University better for those it serves today and for those it will serve in the years to come. (Source)

2) The Department of Exercise at the University of South Carolina is ranked number one in the nation for its expertise in research related to concussion, neuro rehabilitation, heat illness and hydration. Researches in exercise science will seek funding opportunities to enhance the mission of The Marcus Lattimore Foundation/DREAMS.

University of South Carolina Foundations will serve in an advisory role for continued development and growth. The director and personnel of the USC Foundation will work in conjunction with the administrator of The Marcus Lattimore Foundation/DREAMS to increase support and meet the mission of the foundation. (Source)

3) The USC Foundations, an umbrella administrative unit for several of the University of South Carolina’s foundations, has purchased an office building at 1027 Barnwell St. on University Hill to become its headquarters.

The 10,000-square-foot office building, formerly occupied by the South Carolina School Boards Association, sold for $1.325 million. The University of South Carolina Development Foundation was the purchaser. (Source)

4) Russell Meekins was named executive director of the USC educational and development foundations on Wednesday, succeeding Jerry Odom who is retiring at year’s end. Odom has led the foundations for the past six years after serving as provost and a tenured chemistry professor during a 43-year career at the school.

Meekins started working with the foundations in 1995 and has been chief financial officer since 1997. Meekins earned finance and accounting degrees from USC and worked at Arthur Young and Co., Carter-Miot Engineering Inc. and The Computer Group Inc.

“Russ is a man of integrity,” said C. John Wentzell, chair of the USC Educational Foundation. “He has developed a professional accounting staff, which has implemented and operated a quality accounting system.” (Source)

5) The Office of University of South Carolina Foundations coordinates the activities of the USC Educational Foundation, the USC Development Foundation and assists the USC Business Partnership Foundation and USC Alumni Association. Accounting and investment services are also provided to the Educational Foundation of USC Lancaster. The Partnership Boards of USC Aiken, USC Beaufort, USC Salkehatchie, USC Sumter and USC Union are all assisted under the stewardship of the USC Educational Foundation.

Charged with the management of a pooled investment portfolio, real estate, operating businesses, charitable gift annuities, life insurance and some personal property, the Foundations provide proactive stewardship to support the University of South Carolina. This responsibility will only be accomplished with high integrity, independence, professional competence and transparency. The management and staff of the Foundations ensure that these principles are woven into our daily activities.
(Source)

About Richard C. Wilson

INC 500

FAMILY OFFICE CLUB

The Family Office Club is the #1 largest membership-based community of family office professionals. With over 1,500 registered family offices we have more billionaire family offices, centimillionaire families, and single family office members than our top two competitors combined. Our industry leading website (FamilyOffices.com), a weekly podcast on iTunes, newsletter, webinars, quarterly events, and authored the bestselling book in the industry is what drives membership.